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Meiji Holdings fiscal Q3 profit climbs 5.3% YOY

Meiji Holdings Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, amounted to ¥111.64 per share, an increase of 5.3% from ¥105.97 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥16.44 billion, a gain of 5.3% from ¥15.60 billion in the prior-year period.

The normalized profit margin rose to 5.1% from 5.0% in the year-earlier period.

Total revenue grew on an annual basis to ¥322.06 billion from ¥309.56 billion, and total operating expenses climbed year over year to ¥296.17 billion from ¥285.60 billion.

Reported net income grew 6.5% year over year to ¥18.07 billion, or ¥122.77 per share, from ¥16.97 billion, or ¥115.23 per share.

As of Feb. 9, US$1 was equivalent to ¥114.79.